Markets down on Thursday

The S&P/TSX composite saw a +1.41% change for today’s session, the Nasdaq composite was +0.03% and the Dow up +1.08% Some trending stocks for the day include Alphabet Inc down -4.56%, MicroStrategy -16.16% and Snowflake +32.71%. The most active stocks […]

Markets down on Wednesday

The S&P/TSX composite saw a +0.10% change for today’s session, the Nasdaq composite was -0.72% and the Dow up +0.08%. Some trending stocks for the day include: NVIDIA Corporation -0.76%, Snowflake -0.86% and Qualcomm -6.34%. The most active stocks today include Great West Lifeco +0.28%, while Canadian Natural Rsrcs saw +0.36%. Manulife Financial also saw a […]

Markets up on Tuesday

The S&P/TSX composite saw a +0.14% change for today’s session, the Nasdaq composite was +1.04% and the Dow up -0.32% Some trending stocks for the day include C3.ai, Inc. +24-19%, NVIDIA Corporation +4.89 and Super Micro Computer +32.23%. The most active stocks today include Enbridge +0.52%, while Suncor Energy Inc saw +0.02%. Canadian Natural Rsrcs also saw […]

Cautious sell-off ahead of resumed US-China trade talks

Allan Tong Posted On October 7, 2019

We are still working on making the text bigger on mobile. If you are having some issues reading this email on some devices, let us know by replying. Thank you for your patience and your comments.

Cautious sell-off ahead of resumed US-China trade talks

New York indices slipped with ongoing, but measured, worries over the U.S.-China trade negotiations that will resume Thursday in Washington. On Monday, the S&P was -0.45%, the Dow -0.36% and the Nasdaq -0.33%.

The TSX closed slightly stronger at -0.17% at 16,421. One of Monday’s biggest gainers was beleagured SNC-Lavalin, up 3.89% to $17.38. SNC just announced a three-year contract to provide operating and maintenance services to Shell Australia’s upstream facilities.

Conversely, marijuana was the biggest TSX loser on Monday, with Green Organic Dutchman (-7.61%), Hexo (-6.64%) and Aurora (-5.82%) finishing in the bottom three. BMO‘s pessimistic report on the cannabis sector didn’t help these stocks. According to the North American Marijuana Index, the whole sector has plunged nearly 50% since Canada legalized pot on October 17, 2018.